Goldman Sachs' tokenization projects could significantly accelerate institutional adoption of digital assets, reshaping financial markets.
The post Goldman Sachs to roll out trio of tokenization projects by end of year: Report appeared first on Crypto Briefing.
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a collaboration on wholesale central bank digital currency (wCBDC). This partnership includes the HKMA’s involvement in Wave 2 of the European Central Bank’s Eurosystem exploratory work. The institutions signed a Memorandum of Understanding (MoU) to innovate in wCBDC and tokenization markets, […]
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil. Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping […]
The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds.
The President of the Central Bank of the Republic of China, Yang Chin-long, said that developing a central bank digital currency (CBDC) is not a competition and that the central bank is focused on steady progress over speed.
Yang stated that being the first to introduce a CBDC does not guarantee success, as countries that have already issued or tested CBDCs have not seen the desired outcomes, according to a July 7 news report by UDN.
In a report released on June 7 before his presentation to the Finance Committee of the Legislative Yuan on Wednesday, June 10, Yang outlined the central bank’s plans for a digital New Taiwan dollar.
Bitfinex intends to refund all investors but is firstly awaiting a potential new offer from the debt issuer to keep the project alive.
Digital asset platform Bitfinex Securities said it will refund investors of its Hilton hotel venture at El Salvador’s international airport after it failed to attract the $500,000 minimum funding needed to continue.
The project, which marked the first public offering of digital debt assets in El Salvador, only mustered in $342,000 from investors before the first deadline — barely 5% of the $6.25 million it was looking to raise.
“As per the Relevant Information Document, Bitfinex will be refunding all investors,” a Bitfinex spokesperson confirmed with Cointelegraph.
Hamilton has announced the tokenization of U.S. Treasury bills on Bitcoin’s layer two (L2) platforms, stating that it marks a significant advancement in bridging traditional finance with Bitcoin’s decentralized finance (defi) sector. The move aims to enhance financial accessibility and liquidity within the Bitcoin ecosystem. U.S. Treasury Bills Tokenized on Bitcoin’s L2s Hamilton, a startup […]
Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.
Paxos International blockchain and tokenization platform has received full regulatory approval from the Monetary Authority of Singapore (MAS).
The Singapore wing of Paxos, the issuer of the gold-backed stablecoin Pax Gold (PAXG), has received approval to offer digital payment token services as a Major Payments Institutions.
The regulatory approval enables Paxos to launch a stablecoin in line with MAS’ upcoming regulatory framework.
Bitfinex and Mikro Kapital announce a new tokenized bond issue, offering two investment opportunities in microfinancing.
The post Bitfinex unveils two new tokenized bonds on its securities platform appeared first on Crypto Briefing.
The HKMA set up Project Ensemble months ago. Now we know why.
The Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have signed a Memorandum of Understanding (MoU) on bilateral collaboration on wholesale central bank digital currency (CBDC) and tokenization. This work is in addition to the numerous larger projects the countries participate in together.
The HKMA and BDF will explore interoperability between their CBDC infrastructures and cross-border transaction settlement efficiency, the HKMA said in a statement. The BDF has infrastructure, called DL3S, in place for the introduction of a CBDC. The HKMA will use the Project Ensemble sandbox for their research.
Related: Issuing digital euro, or ‘Cash+,’ is probably a duty, French central banker says
Market strategists from the brokerage firm Bernstein stated on Monday that U.S. spot ethereum exchange-traded funds (ETFs) might not attract the same demand as their bitcoin counterparts did this year. Analysts from the financial firm pointed out that the absence of staking could be a drawback, resulting in less spot conversion. Bernstein Analysts Highlight Tokenization […]
